Where can I find my dividend statements?
Superhero provides two types of dividend statements:
- Income Report: Shows your dividends between the dates selected.
- Attribution Managed Investment Trust Member Annual Statements: detailed information regarding dividends for exchange-traded funds (ETFs).
You can find these in the Reports tab of your Superhero account, which can be accessed via your web browser or mobile app.
What is a Share Consolidation and how does this affect me?
A share consolidation reduces the number of shares a company has on issue. This causes the share price to increase proportionally, meaning that the percentage ownership and value of your investment remains the same.
Example: You own 100 ABC shares and they are valued at $1 each for a total value of $100. A 10:1 share consolidation means for every 10 shares you own you will now own 1. In addition, the value of each share will increase from $1 to $10 each.
Under a share consolidation the value of your investment will remain the same. As illustrated above, your investment value is $100 but you will own 10 shares valued at $10 each following the consolidation.
When a share consolidation occurs, the Activity tab in your Superhero Account will show:
Your ABC shares were consolidated at a 10:1 ratio.
Will I be paid any dividends via Superhero?
You will be paid cash dividends into your Superhero Wallet.
When a company declares a dividend, the total amount will be available in your Dashboard under Pending until it is paid. Once a dividend is paid, the amount will be deposited into your Superhero Wallet, usually within 1-2 business days after the payment is made. A transaction record and your dividend statement can be found under Activity.
